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Pressure tanks can last anywhere from five to 15 years, but the life span of your tank depends on a few factors. Lower-quality tanks tend to wear out more quickly than high-end options, and the quality of water and the amount of sediment or rocks from your well can cause premature damage. Overworking an undersized pressure tank can also limit its life span.

For the most part, choosing between 30/50 psi and 40/60 psi is based on your water-pressure preference. However, it can also depend a little bit on your house—if you have older plumbing, a lower water pressure can be easier on the pipes (and a bit more gentle on your well pump). 

The lower 30/50 pressure is usually enough for a single-story home, but you may want 40/60 if you have multiple stories, as the extra pressure helps water flow smoothly up to the second floor.

The cost to fix low water pressure heavily depends on the cause of the problem. In some cases, all you need to do is open a valve, which won't cost you anything. However, plumbing repairs cost an average of $325, so if you have a broken pipe or other plumbing problems, you might pay something close to that figure, or more, depending on the issue.

Having a well means that a household’s water supply, including water that comes through faucets, showerheads, and appliances, is supplied through a private source rather than from a city. The well pulls fresh water from an underground water supply, such as an aquifer, and the well pump pushes the water from the well to your household.